Ambuja Cements has target of Rs 190: Kapadia

Hemen Kapadia, CEO, chartpundit.com is of the view that Ambuja Cements has target of Rs 190.

Kapadia told CNBC-TV18, "Ambuja Cements has posted a fresh all time high and Rs 166 was a virtual road block, we have taken that out. We have gravitated towards Rs 182, cooled off at Rs 177. We are heading towards Rs 190. Technically it has given a breakout. It was in an ascending triangle formation, so as of now till it holds above Rs 166 it doesn